Fla. Development Files For Authority To Issue $12M In Bonds

Law360, Miami (July 30, 2013, 8:35 PM EDT) -- Bellagio Community Development District, a special-purpose government unit created by homebuilding giant Lennar Corp. within the city of Hialeah, Fla., filed a complaint Monday in Florida state court seeking validation of special assessment bonds totaling up to $12 million.

The district, owned by the entity Bellagio Lennar LLC, plans to use the bonds to finance construction and upgrades of various infrastructure including stormwater management and control facilities, water and wastewater systems, roadway improvements and landscaping within its 73.65-acre territory, according to the filing.